Ask individuals and businesses to prove that they have a required minimum level of income or revenue.
Ensuring that your customers have the required income or revenue will reduce the chances of default on payments.
During these challenging times of COVID-19 the rate of payment defaults is higher than usual, and businesses must do everything to guard their cashflow and not expose themselves to undue risk.
Proof of income
Consistent income over 3 months of £1,500
10/05/21, 14:34:08 GMT
I want electronic proof of the up-to-minute financial situation of a person or company before providing them credit.
Leon Kelley, Commercial Lending Director